'Promote Payments definition

'Promote Payments means an amount, as determined from time to time, equal to: (i) with respect to WHWEL, the sum of all amounts paid to (A) WCPT pursuant to Sections 7.1(c)(iii)(x) or 7.1(c)(iv)(x) or (B) the Manager pursuant to Sections 7.1(c)(iii)(y) or 7.1(c)(iv)(y), and not returned to WHWEL pursuant to Section 7.2; (ii) with respect to Whitehall XI, the sum of all amounts paid to (A) WCPT pursuant to Sections 7.1(d)(iii)(x) or 7.1(d)(iv)(x) or (B) the Manager pursuant to Sections 7.1(d)(iii)(y) or 7.1(d)(iv)(y), and not returned to Whitehall XI pursuant to Section 7.2; (iii) with respect to Holding Co., the sum of all amounts paid to (A) WCPT pursuant to Sections 7.1(e)(iii)(x) or 7.1(e)(iv)(x) or (B) the Manager pursuant to Sections 7.1(e)(iii)(y) or 7.1(e)(iv)(y), and not returned to Holding Co. pursuant to Section 7.2; (iv) with respect to WCPT, the sum of all amounts paid to (A) WCPT pursuant to (1) Sections 7.1(f)(iii)(x) or 7.1(f)(iv)(x) and (2) Sections 7.1(g)(iii)(x) or 7.1(g)(iv)(x) or (B) the Manager pursuant to (1) Sections 7.1(f)(iii)(y) or 7.1(f)(iv)(y) and (2) Sections 7.1(g)(iii)(y) or 7.1(g)(iv)(y), and not returned to WCPT pursuant to Section 7.2; and (v) with respect to Management Co., the sum of all amounts paid to (A) WCPT pursuant to Sections 7.1(h)(iii)(x) or 7.1(h)(iv)(x) or (B) the Manager pursuant to Sections 7.1(h)(iii)(y) or 7.1(h)(iv)(y), and not returned to Management Co. pursuant to Section 7.2."
View Source
'Promote Payments means an amount, as determined from time to time, equal to: (i) with respect to WHWEL, the sum of all amounts paid to the Manager pursuant to Section 7.1(c)(iii)(y) or (iv)(y) and not returned to WHWEL pursuant to Section 7.2; (ii) with respect to Whitehall XI, the sum of all amounts paid to the Manager pursuant to Section 7.1(d)(iii)(y) or (iv)(y) and not returned to Whitehall XI pursuant to Section 7.2; (iii) with respect to Holding Co., the sum of all amounts paid to the Manager pursuant to Section 7.1(e)(iii)(y) or (iv)(y) and not returned to Holding Co. pursuant to Section 7.2; and (iv) with respect to WCPT, the sum of all amounts paid to the Manager pursuant to (A) Section 7.1(f)(iii)(y) or (iv)(y) and (B) Section 7.1(g)(iii)(y) or (iv)(y) and not returned to WCPT pursuant to Section 7.2.
View Source
'Promote Payments means, with respect to each Partner, the payments to which such Partner is entitled to receive pursuant to Section 6.1(e).
View Source

Examples of 'Promote Payments in a sentence

  • For the avoidance of doubt, the clawback in this Section 8.2(a) is intended to limit GHGP to a total amount of Gengate Actual Promote Payments equal to what GHGP would have been entitled to on a “look back” basis taking into account the amount and timing of each contribution and distribution.

  • Either Partner shall have the right to commission (i) annual third party valuations of the Partnership’s assets or (ii) annual third party valuations of each Partner’s interest in each Property after payment of all fees and Promote Payments.

  • The FIPA Payment and Waiver in Section 7.2(ii) includes Promote Payments associated with commitments existing prior to and/or as of the Effective Date (a current commitment of Three Hundred Million Dollars (US$300,000,000)) and any future commitments and/or upsize, and any co-investments or other vehicles, with Oak Street Real Estate Capital and/or its Affiliates of up to Six Hundred Million Dollars (US$600,000,000) of invested capital in one or more Affiliates of Seller.